April 20, 2020
Underwriters use a variety of metrics to determine what to charge for EPLI and the scope of coverage to offer. The number of people you employ. Whether you’ve had prior suits lodged against your company. The percentage of employee turnover. Whether you have established rules and practices in place, such as an employee handbook that […]
April 6, 2020
Whether you’re dealing with existing employees or prospective employees during the interview process, every time your business interacts with people it faces the risk of an employment claim. Some of the typical claims brought against employers allege: Discrimination (based on sex, race, age or disability, for example). Wrongful termination. Harassment. Other employment-related issues, such as […]
March 3, 2020
What is an OCIP and how can it help you with your construction project? An Owner Controlled Insurance Program (OCIP) is an efficient, cost-effective way to provide insurance for owners and contractors for a specific building project. Construction jobs often have a lot of liability risks, including property damage or bodily injury to the public, […]
February 27, 2020
The typical equipment breakdown insurance policy includes the following coverages: Damage to “covered property” at the location named in the policy. Expediting expenses, to cover the costs needed to get insured equipment operational as fast as possible, such as expedited shipping and making temporary repairs. Business income and extra expense. Similar to coverage you should […]
February 6, 2020
Equipment Breakdown insurance – formerly called Boiler & Machinery insurance – covers much more than boilers and machinery. Insurers introduced boiler and machinery coverage in the mid-1800s to cover valuable steam-powered machinery from explosion or breakdown, and to cover the equipment’s owner from liability for resulting property damage or bodily injury. Today, few businesses use […]
January 23, 2020
The use of insurance in mergers and acquisitions is on the rise, according to a recent report by Aon. Since 2014, there has been a 35 percent increase in M&A deals where warranty and indemnity (W&I) insurance has been part of the transaction. In a merger or acquisition, the seller makes certain representations and warranties. […]
January 10, 2020
When we think of risk, the first thing that usually comes to mind is insurance. But insurance is just one component of a sound risk management plan. A risk management plan includes insurance, plus all the other strategies you need for dealing with the risks associated with your business or organization. The following steps outline […]
November 15, 2019
The terrorist attacks on 9/11, in which terrorist hijacked and flew commercial airliners into the World Trade Center Towers and the Pentagon, demonstrated how such events are unpredictable, highly destructive and possibly uninsurable. These attacks still count as the deadliest and most costly terrorist incidents in U.S. history, with insurance losses totaling approximately $47 billion, […]
November 1, 2019
Employees file lawsuits against their employers for many reasons. A 62-year-old white male employee with a positive performance record and favorable bonuses was terminated by a foundation. He sued the foundation, alleging he was terminated from his job so that the employer could hide a pattern of discrimination against women and minorities. The employee further […]
September 30, 2019
There are benefits to working from home, but also risks to both employees and employers. Working from home among non-self-employed people has grown by 140 percent since 2005 — ten times faster than growth of the workforce itself. There are plenty of benefits to both workers and employers when employees get online to work remotely. […]
